Trump holds the 'federal' responsibility for the possible slowdown in the economy
President Donald Trump has warned that the US economy could see a slowdown if the ‘Federal Reserve’ did not reduce interest rates immediately, in the latest criticism of the Central Bank President Jerome Powell. In a position on social media on Monday, Trump said that “inflation rates almost did not exist,” and note that the prices of energy and food are low. But he added: ‘Nevertheless, we can see a slowdown in the economy unless the master has not reduced’ very late ‘, a big loser, interest rates, now, with reference to Powell. A large number of economists agree that the customs laid down Trump contributes to raising inflation and slowing growth, even temporarily. Although inflation has decreased significantly over the past few years, it is still great compared to the purpose of the Federal. Powell and a number of his colleagues emphasize the need for the ‘Federal Reserve’ to ensure that the new fees are not caused by a more sustainable inflationary wave. Trump raised a disorder in the “Wall Street” by repeating his criticism of the Powell, suggesting that he be able to fire him before the end of his mandate. US stocks fell on Monday, as the “S&B500” index lost more than 3%, amid the fear of the possibility of isolating the ‘federal’ president. The possibility of isolating Powell, according to well -known people, informed Trump informally about his advisers about the possibility of isolating Powell, although some officials in his administration warned him to take this step. National Economic Council director Kevin Haysit said on Friday that the president actually studied whether he had the power to reject Powell. Although the US economy recorded a strong growth last year, it reached 2.4% in the fourth quarter, but economists expect a slowdown in investment and consumption due to customs duties, which could lead to a decline in growth later this year. Although efforts to combat inflation against the ‘federal’ goal of 2% recently stumbled, prices returned in March, as the consumer price index rose 2.4% annually. The latter’s slowdown has elicited invitations from observers and tramp to lower interest rates in anticipation of any threatening economic slowdown. Last week, the US president launched a shocking attack on Powell, which coincides with the decision of the European Central Bank to lower the basic interest rate by a quarter of a percentage point to 2.25%. Trump reiterated his complaint that the US federal is not moving fast. But eurozone policymakers are already facing growth rates, and inflation is on a more clear path to the goal of the European Central Bank, giving them a larger margin to reduce interest. In the United States, federal officials are concerned about the slow frequency of inflation, and they are afraid that customs duties will regain price pressure. Trump is not satisfied with Powell, Trump’s statements came at a time when central banks and economic policymakers from all over the world were preparing to meet in Washington this week to participate in the Spring Fund and the World Bank. “I’m not happy with him, and I told him. If you want to dismiss him, I will be fired immediately, believe me. ‘ Powell said in a speech last week before the ‘Chicago Economic Club’ that the ‘Federal Reserve’ should ensure that customs duties do not lead to an ongoing inflationary problem. He pointed out that the stability of prices is an essential element in achieving a strong labor market. He added that ‘federal’ officials await a clearer vision of the effects of different government policies before deciding to amend borrowing costs. Powell also emphasized that the independence of the central bank is protected by law, and that his officials “can only be rejected for legal reasons.”